Advise pledges to hire another 40 staff in Europe

New York-based tech firm is looking to tap increasing demand for Mifid systems

US reporting firm Advise Technologies
plans to expand aggressively in Europe this year by hiring at
least 40 staff ahead of the introduction of the Mifid II
reporting requirements.

New York-based Advise, founded in 2010,
moved earlier this month to a new office in Amsterdam and plans
to fill the additional space over the course of this year.

Doug Schwenk, founder of Advise
Technologies, told FOW: "We currently have ten staff in
Amsterdam and the plan is to increase that to 50 by the end of
this year. We are setting up full scope activities in Amsterdam
so that is everything from the legal team supporting Mifid II
to the product manager on Mifid II reporting."